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Fly News Breaks for March 7, 2018
Mar 7, 2018 | 06:10 EDT
DA Davidson analyst Tom Forte downgraded CommerceHub to Neutral from Buy with a $23 price target after the company announced that it would be acquired by GTCR and Sycamore Partners. Forte says the acquisition reflects the company's significant free cash flows and its large network of drop shipment vendors that attracts traditional retailers.
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